Worlds, Inc. (OTCBB:WDDD) Falls On Fears Of Dilution
The stock of Worlds, Inc. (OTCBB:WDDD) continued on its downwards spiral and fell to the price levels it had back in February. On a still quite significant for them volume of 1.5 million shares the ticker lost another 4 cents and closed at $0.27. In a little more than a week the company has lost close to 50% of its value.
The only reason investors were attracted to WDDD in the first place was the patent infringement lawsuit they filed against Activision Blizzard last year. The expectations of a favorable ruling boosted the stock to reach its 52 week high of $0.54. But due to the recent developments which we covered in our previous articles investors are becoming more and more skeptic. And while they wait for WDDD‘s counter to the motion filed by Acivision, speculations about share dilution due to note conversion are starting to abound. In early trading today the stock is showing some sings of revival and is 3% up.
Despite displaying way more concerning traits than WDDD, the stock of Biozoom, Inc. (OTCBB:BIZM) was capable of reversing its drop and yesterday closed in the green. The company that has been heavily touted with hard mailers and radio ads might be trying to rally but investors are starting to become cautious. OTCmarkets put the skull and crossbones mark on BIZM‘s stock which should further discourage potential investors.
Xumanii, Inc. f/k/a Medora Corp (OTCMKTS:XUII) are also moving in a suprise direction posting positive results for a third session in a row. Apparently they are still relying on the same method to generate a little buzz around themselves. This time the company announced a deal with Mac Miller for 3 live broadcasts of his concerts. Once again XUII will be paying the artist without getting any revenues in return.